CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Trading Down 4.5% – Should You Sell?

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC)’s stock price dropped 4.5% on Wednesday . The stock traded as low as $4.49 and last traded at $4.50. Approximately 2,183,449 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 11,951,771 shares. The stock had previously closed at $4.71.

Wall Street Analyst Weigh In

CCC has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $8.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Saturday, May 9th. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday, April 24th. Citigroup downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $6.00 in a report on Friday, April 10th. Weiss Ratings raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Wall Street Zen raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.33.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average of $4.88. The company has a market capitalization of $2.58 billion, a PE ratio of 73.18 and a beta of 0.53.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.05 by $0.06. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.18% and a return on equity of 6.08%. The firm had revenue of $281.27 million during the quarter. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, sell-side analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.25 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CCC. Root Financial Partners LLC raised its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% during the first quarter. Root Financial Partners LLC now owns 4,858 shares of the company’s stock worth $29,000 after acquiring an additional 4,644 shares during the period. Essential Partners LLC acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth about $38,000. Essex Financial Services Inc. acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth about $61,000. Kera Capital Partners Inc. acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth about $62,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth about $65,000. 95.79% of the stock is owned by institutional investors and hedge funds.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company’s SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.